Last week Pacific Ridge Exploration Ltd. (PEX.v PEXZF) announced they closed the final tranche of a previously announced private placement for gross proceeds of $4.65M.
Proceeds are intended for the exploration of the Kliyul and RDP Cu-Au projects which they gave an update on earlier this month:
Kliyul Project - 2 drill holes totalling 1,287m were completed focused on infill and resource expansion at the Kliyul Main Zone (KMZ) KMZ hosts 334.1Mt @ 0.33% CuEq (Inferred)
RDP Project - 5 drill holes totalling 2,156m were completed focused on the Day Target (which returned one of BC’s best porphyry Cu-Au intervals in 2022 (RDP-22-005 - 107.2m of 1.39% CuEq)